Newman Dignan & Sheerar Inc. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 70,242 shares of the chip maker’s stock after selling 194 shares during the period. Intel makes up about 0.4% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 18th biggest position. Newman Dignan & Sheerar Inc.’s holdings in Intel were worth $4,204,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of INTC. Boenning & Scattergood Inc. boosted its stake in shares of Intel by 4.8% in the 4th quarter. Boenning & Scattergood Inc. now owns 55,097 shares of the chip maker’s stock valued at $3,298,000 after purchasing an additional 2,512 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Intel by 38.6% during the 4th quarter. Calamos Advisors LLC now owns 1,079,915 shares of the chip maker’s stock worth $64,633,000 after purchasing an additional 300,599 shares in the last quarter. Ingalls & Snyder LLC increased its position in shares of Intel by 1.2% during the 4th quarter. Ingalls & Snyder LLC now owns 144,302 shares of the chip maker’s stock worth $8,636,000 after purchasing an additional 1,718 shares in the last quarter. Calamos Wealth Management LLC lifted its holdings in Intel by 125.7% during the 4th quarter. Calamos Wealth Management LLC now owns 18,886 shares of the chip maker’s stock valued at $1,130,000 after purchasing an additional 10,519 shares during the last quarter. Finally, Capital City Trust Co. FL lifted its holdings in Intel by 7.0% during the 4th quarter. Capital City Trust Co. FL now owns 14,502 shares of the chip maker’s stock valued at $868,000 after purchasing an additional 955 shares during the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.
A number of research firms have commented on INTC. Robert W. Baird boosted their price target on shares of Intel from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Bank of America raised their price objective on shares of Intel from $65.00 to $70.00 and gave the stock a “positive” rating in a report on Monday, December 2nd. They noted that the move was a valuation call. Cowen lifted their target price on shares of Intel from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on Intel from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, Northland Securities reissued a “buy” rating and issued a $69.00 target price on shares of Intel in a report on Tuesday, November 5th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $56.66.
Shares of INTC stock opened at $58.94 on Thursday. The stock has a 50-day moving average price of $58.52 and a 200 day moving average price of $53.05. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm has a market cap of $258.52 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.68 and a beta of 0.91. Intel Co. has a 12 month low of $42.86 and a 12 month high of $60.97.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 24th. The chip maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.18. The company had revenue of $19.19 billion for the quarter, compared to the consensus estimate of $18.07 billion. Intel had a net margin of 27.46% and a return on equity of 28.28%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. Sell-side analysts predict that Intel Co. will post 4.61 earnings per share for the current fiscal year.
Intel announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 24th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the chip maker to reacquire up to 8.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Intel Company Profile
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.
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